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To: elmatador who wrote (177577)6/9/2013 8:02:33 AM
From: Dennis Roth1 Recommendation

Recommended By
evestor

  Respond to of 206110
 
Russian oil production: still no sign of decline
By Stuart Elliott | June 6, 2013 11:26 AM
blogs.platts.com

Russia is the world’s biggest oil producer and has been for quite a while — that’s a fact. Its output has consistently ranked above that of Saudi Arabia in the past few years and in May, Russian average daily output hit a new 2013 high of almost 10.5 million b/d...

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This without any contribution from the Bazhenov Shale.



To: elmatador who wrote (177577)8/30/2013 6:23:01 PM
From: Dennis Roth  Read Replies (2) | Respond to of 206110
 
Russian Tax Breaks Now, Tight Oil Boom Later
by Reuters Katya Golubkova Friday, August 30, 2013
rigzone.com

MOSCOW, Aug 30 (Reuters) - Russia introduces tax breaks on production of hard-to-recover "tight" oil on Sept. 1, but the giveaway alone will not be enough just yet for the world's largest oil-producing nation to replicate the North American shale energy revolution.

Incentives of as much as $21 per barrel will transform the economics of exploration, encouraging the use of advanced drilling methods to pulverise, or "frack", vast tracts of non-porous rock into yielding up their hydrocarbon riches.

Rosneft, the state oil major that lobbied for and won the concessions, will lead the drive to tap Siberia's vast Bazhenov formation with ExxonMobil, the U.S. supermajor that enjoys the most favour in Vladimir Putin's Kremlin...